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TAM
TFG Asset Management Portfolio holdings
AUM
$635M
Turnover
36.96%
1-Year Est. Return
28.07%
This Fund
S&P 500
This Quarter
Est. Return
-5.49%
1 Year Est. Return
+28.07%
3 Year Est. Return
+72.07%
5 Year Est. Return
+87.41%
10 Year Est. Return
+132.97%
AUM
$315M
AUM Growth
+$24.9M
(+8.6%)
Cap. Flow
-$112M
Cap. Flow
% of AUM
-35.65%
Top 10 Holdings %
Top 10 Hldgs %
70.76%
Holding
29
New
3
Increased
3
Reduced
1
Closed
3
Avg Time Held Equity + Options
0.7
years
Top 10 Avg Time Held Equity + Options
0.4
years
Top 20 Avg Time Held Equity + Options
0.8
years
Avg Time Held Equity only
0.7
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$25.4M |
| 2 |
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
|
+$15.3M |
| 3 |
NETI
Eneti Inc.
NETI
|
+$4.49M |
| 4 |
WMGIZ
Wright Medical Group, Inc. Contingent Value Right
WMGIZ
|
+$19.7K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hudbay
HBM
|
+$2.14M |
| 2 |
NIHD
NII Holdings, Inc. Common Stock
NIHD
|
+$1.76M |
| 3 |
HTWR
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
|
+$378K |
| 4 |
General Motors Company
GM.WS.B
|
+$199K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 85.15% |
| 2 | Technology | 13.44% |
| 3 | Industrials | 1.41% |
| 4 | Communication Services | 0% |
| 5 | Materials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
ARRS
1
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $42.4M | 13.44% |
1,850,000
+1,037,525
| +128% | +$25.4M |
2015 Q4
1 quarter
|
|
|
2
DELISTED
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
| $18.7M | 5.94% |
864,263
+749,010
| +650% | +$15.3M |
2014 Q2
7 quarters
|
|
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $10.3M | 3.26% |
50,000
| – | – |
2014 Q4
5 quarters
|
|
|
4
DELISTED
General Motors Company
GM.WS.B
| $7.45M | 2.36% |
545,106
-15,692
| -3% | -$199K |
2015 Q4
1 quarter
|
|
|
NETI
5
DELISTED
Eneti Inc.
NETI
| $4.36M | 1.38% |
+143,108
| New | +$4.49M |
2016 Q1
0 quarters
|
|
|
NIHD
6
CALL
DELISTED
NII Holdings, Inc. Common Stock
NIHD
| $1.37M | 0.43% |
+247,800
| New | +$1.08M |
2016 Q1
0 quarters
|
|
|
WMGIZ
7
DELISTED
Wright Medical Group, Inc. Contingent Value Right
WMGIZ
| $522K | 0.17% |
417,549
+16,954
| +4% | +$19.7K |
2015 Q4
1 quarter
|
|
|
SGYP
8
CALL
DELISTED
Synergy Pharmaceuticals, Inc Common Stock
SGYP
| $423K | 0.13% |
+153,100
| New | +$554K |
2016 Q1
0 quarters
|
|
9
DELISTED
Golden Ocean Group
GOGL
| $76K | 0.02% |
21,972
| – | – |
2015 Q2
3 quarters
|
|
|
10
Hudbay
HBM
$10.7B
| – | – |
-558,000
| Closed | -$2.14M | – |
|
|
HTWR
11
DELISTED
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
| – | – |
-7,500
| Closed | -$378K | – |
|
|
NIHD
12
DELISTED
NII Holdings, Inc. Common Stock
NIHD
| – | – |
-402,438
| Closed | -$1.76M | – |
|
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TFG Asset Management's Q1 2016 Portfolio in Review
As of Q1 2016, TFG Asset Management held 29 positions worth $315M, up 8.6% from $290M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
TFG Asset Management withdrew a net $112M in Q1 2016, closing 3 positions and reducing 1 holding. Its most notable exit was Hudbay, an estimated $2.14M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 85% of assets, down from 90% a quarter earlier, followed by Technology and Industrials.
Against the trend, TFG Asset Management opened a new position in Eneti Inc. worth $4.36M.
- TFG Asset Management's largest Q1 2016 buy was Eneti Inc.: 143,108 shares worth $4.36M.
- TFG Asset Management added most to ARRIS International plc Ordinary Shares in Q1 2016, an estimated $25.4M increase.
- TFG Asset Management's biggest Q1 2016 reduction was General Motors Company, cutting an estimated $199K.
- TFG Asset Management fully exited Hudbay in Q1 2016, selling an estimated $2.14M.
- TFG Asset Management's ten largest holdings make up 71% of its $315M portfolio in Q1 2016.
- TFG Asset Management opened 3 new positions and closed 3 in Q1 2016.
- TFG Asset Management's portfolio value rose 8.6% quarter-over-quarter to $315M.
Based on TFG Asset Management's 13F filing for Q1 2016, filed 13 May 2016.